Blackstone (NYSE:BX) Stock Unloaded Rep. J. French Hill

Key Points

• Representative J. French Hill sold between $100,001 and $250,000 in Blackstone stock on June 23rd, as disclosed in a filing on July 24th.
• Blackstone reported earnings per share (EPS) of $1.21 for the recent quarter, exceeding analysts' estimates, with a year-over-year revenue increase of 32.7%.
• The company announced a quarterly dividend of $1.03 to be paid on August 11th, representing an increase from the previous quarterly dividend of $0.93.

Representative J. French Hill (R-Arkansas) recently sold shares of Blackstone Inc. NYSE: BX. In a filing disclosed on July 24th, the Representative disclosed that they had sold between $100,001 and $250,000 in Blackstone stock on June 23rd. The trade occurred in the Representative's "J FRENCH HILL - IRA" account.

Representative J. French Hill also recently made the following trade(s):

• Purchased $50,001 - $100,000 in shares of Loews NYSE: L on 6/23/2025.
• Sold $1,001 - $15,000 in shares of Fortrea NASDAQ: FTRE on 6/23/2025.
• Purchased $50,001 - $100,000 in shares of Markel Group NYSE: MKL on 6/23/2025.
• Sold $1,001 - $15,000 in shares of Vitesse Energy NYSE: VTS on 6/23/2025.
• Sold $50,001 - $100,000 in shares of Lazard NYSE: LAZ on 6/23/2025.
• Sold $1,001 - $15,000 in shares of AT&T NYSE: T on 6/23/2025.
• Sold $1,001 - $15,000 in shares of Spectrum Brands NYSE: SPB on 6/23/2025.
• Purchased $15,001 - $50,000 in shares of Markel Group NYSE: MKL on 6/23/2025.
• Sold $15,001 - $50,000 in shares of Wells Fargo & Company NYSE: WFC on 6/23/2025.
• Sold $15,001 - $50,000 in shares of Regions Financial NYSE: RF on 6/23/2025.

Blackstone Trading Up 0.0%

Blackstone stock traded up $0.06 during trading on Tuesday, reaching $177.00. 2,750,131 shares of the company were exchanged, compared to its average volume of 3,887,971. Blackstone Inc. has a 52-week low of $115.66 and a 52-week high of $200.96. The company has a market capitalization of $129.15 billion, a P/E ratio of 47.58, a PEG ratio of 1.45 and a beta of 1.65. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.74 and a quick ratio of 0.75. The stock's 50 day simple moving average is $150.38 and its two-hundred day simple moving average is $150.62.

Blackstone (NYSE:BX - Get Free Report) last posted its earnings results on Thursday, July 24th. The asset manager reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.11. Blackstone had a return on equity of 20.47% and a net margin of 20.83%. The company had revenue of $3.07 billion during the quarter, compared to analysts' expectations of $2.77 billion. During the same quarter last year, the firm earned $0.98 earnings per share. The firm's quarterly revenue was up 32.7% compared to the same quarter last year. On average, equities research analysts expect that Blackstone Inc. will post 5.87 earnings per share for the current fiscal year.

Blackstone Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 11th. Stockholders of record on Monday, August 4th will be given a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 2.33%. The ex-dividend date of this dividend is Monday, August 4th. This is an increase from Blackstone's previous quarterly dividend of $0.93. Blackstone's dividend payout ratio (DPR) is 100.00%.

Insider Transactions at Blackstone

In other news, major shareholder Holdings I. L.P. Blackstone bought 1,189,532 shares of the company's stock in a transaction that occurred on Friday, July 18th. The shares were purchased at an average price of $25.22 per share, with a total value of $29,999,997.04. Following the completion of the acquisition, the insider directly owned 4,178,771 shares in the company, valued at approximately $105,388,604.62. This trade represents a 39.79% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Private Credit Stra Blackstone purchased 1,660,000 shares of the company's stock in a transaction on Thursday, May 1st. The stock was bought at an average cost of $15.00 per share, for a total transaction of $24,900,000.00. Following the acquisition, the insider directly owned 1,666,667 shares of the company's stock, valued at $25,000,005. This represents a 24,898.76% increase in their position. The disclosure for this purchase can be found here. Insiders bought 2,849,769 shares of company stock worth $54,932,307 in the last three months. 1.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Blackstone

Several hedge funds have recently made changes to their positions in the business. Illinois Municipal Retirement Fund raised its position in Blackstone by 105.4% in the first quarter. Illinois Municipal Retirement Fund now owns 13,405 shares of the asset manager's stock valued at $1,874,000 after purchasing an additional 6,878 shares during the period. Lord Abbett & CO. LLC acquired a new position in Blackstone in the fourth quarter valued at approximately $63,109,000. Parallel Advisors LLC boosted its stake in Blackstone by 6.6% in the first quarter. Parallel Advisors LLC now owns 31,212 shares of the asset manager's stock valued at $4,363,000 after acquiring an additional 1,943 shares during the period. Comprehensive Money Management Services LLC bought a new stake in shares of Blackstone during the fourth quarter valued at approximately $1,747,000. Finally, Narwhal Capital Management raised its holdings in shares of Blackstone by 34.3% during the first quarter. Narwhal Capital Management now owns 64,614 shares of the asset manager's stock valued at $9,032,000 after buying an additional 16,486 shares during the last quarter. Institutional investors and hedge funds own 70.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. JMP Securities lifted their price objective on Blackstone from $180.00 to $195.00 and gave the company a "market outperform" rating in a research note on Friday. TD Cowen reduced their target price on Blackstone from $233.00 to $147.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Keefe, Bruyette & Woods boosted their target price on Blackstone from $168.00 to $180.00 and gave the company a "market perform" rating in a report on Friday. Piper Sandler upped their price objective on Blackstone from $157.00 to $181.00 and gave the company a "neutral" rating in a research note on Monday. Finally, Wells Fargo & Company increased their target price on Blackstone from $153.00 to $167.00 and gave the stock an "equal weight" rating in a research note on Friday, July 11th. Ten equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $170.12.

About Representative Hill

French Hill (Republican Party) is a member of the U.S. House, representing Arkansas' 2nd Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027. Hill (Republican Party) is running for re-election to the U.S. House to represent Arkansas' 2nd Congressional District. He declared candidacy for the 2026 election. Hill is the founder and chairman of Delta Trust & Bank. He has served as senior policy advisor to President George H.W. Bush, Deputy Assistant Secretary of the U.S. Treasury and senior advisor to Governor Mike Huckabee.

Blackstone Company Profile

Blackstone Inc is an alternative asset management firm specializing in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, public debt and equity and multi-asset class strategies. The firm typically invests in early-stage companies. It also provide capital markets services.